Oil Immersed Single Phase Shunt Reactor Market Size 2034 Report
Global Oil Immersed Single Phase Shunt Reactor Market Growth, Size, Trends Analysis - By Installed Capacity, By Voltage, By Reactor Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: POAE2556 | Pages: 1 - 278 | Formats*: |
| Category : Power & Energy | |||
Oil Immersed Single Phase Shunt Reactor Market Introduction and Overview
According to SPER Market Research, the Global Oil Immersed Single Phase Shunt Reactor Market is estimated to reach USD 397.51 million by 2034 with a CAGR of 4.31%.
The report includes an in-depth analysis of the Global Oil Immersed Single Phase Shunt Reactor Market, including market size and trends, product mix, Applications, and supplier analysis. The global oil-immersed single-phase shunt reactor market is experiencing growth driven by increasing electricity demand, urbanization, and the integration of renewable energy sources. These reactors are essential for voltage stabilization and reactive power management, particularly in long-distance high-voltage transmission networks. Investments in power grid modernization and government initiatives to upgrade aging infrastructure further bolster market expansion. However, the market faces restraints such as high initial investment and maintenance costs, which can deter adoption, especially in regions with budget constraints. Additionally, environmental concerns regarding the use of insulating oils and the need for skilled personnel for operation and maintenance pose challenges to widespread implementation.
By Installed Capacity Insights:
By Installed Capacity, the Oil Immersed Shunt Reactor Market is divided into four segments: "Below 50 MVAR," "50-100 MVAR," "100-150 MVAR," and "Above 150 MVAR." In 2024, the 'Below 50 MVAR' segment accounted for almost 40% of the Oil Immersed Shunt Reactor Market, making it the segment with the greatest market share. Not far behind, with a market share of about 30%, is the '50-100 MVAR' sector. 'Above 150 MVAR' and '100-150 MVAR' are anticipated to hold the remaining market share. Due to the growing need for shunt reactors in distribution networks, the 'Below 50 MVAR' market has grown. The reactive power requirements of inductive loads, like motors and transformers, are offset by these reactors.
By Voltage Insights:
The voltage-based segments of the oil-immersed shunt reactor market include below 132 kV, 132-220 kV, 220-400 kV, and over 400 kV. In 2024, the 220-400 kV segment accounted for almost 40% of the Oil Immersed Shunt Reactor Market, making it the segment with the greatest market share. The rising need for shunt reactors in the 220-400 kV voltage range for power transmission and distribution applications is what is responsible for this segment's expansion. Due to the growing need for shunt reactors in low-voltage applications, the below 132 kV segment is also anticipated to experience considerable development over the course of the projection period.
By Reactor Type Insights:
Dry-Type, Oil-Immersed, Air-Core, and Liquid-Filled are the four reactor types into which the Oil Immersed Shunt Reactor Market is segmented. With a market share of roughly 45.2% in 2024, the Oil-Immersed sector was the largest of these. The growing need for dependable and effective power transmission and distribution systems is what is responsible for this segment's expansion. Oil-immersed shunt reactors are a popular option for a range of industrial applications due to their many benefits, including high efficiency, low maintenance needs, and extended service life. Because of its small size and capacity to function in challenging environments, the Dry-Type market is anticipated to increase significantly over the next several years.
By Regional Insights:
The Oil Immersed Shunt Reactor Market's regional segmentation offers information on how the market is performing in various geographical areas. Due to the existence of developed economies with high power consumption and rising grid infrastructure investments, North America is anticipated to occupy a sizable market share. Another significant location with a strong need for oil-immersed shunt reactors for power factor correction and voltage regulation is Europe. Rapid development and growing electricity networks are expected to fuel significant growth in the Asia-Pacific area.
Market Competitive Landscape:
To strengthen their position in the Global Oil Immersed Single Phase Shunt Reactor Market, several of the leading brands are concentrating on research and development initiatives. Some of the key market players are ABB Ltd., Arteche Group, CESI S.p.A., CG Power, Eaton Corporation, Emotron AB, General Electric Company, LG Electronics, Mitsubishi Electric Corporation, Siemens AG, and Sumec People's Electrical Equipment Group.
Recent Developments:
In February 2024, India's Power Grid Corporation has given GE Vernova a contract to supply high voltage shunt reactors. Together with other elements, these High Voltage Shunt Reactors seek to boost grid stability and encourage the production of renewable energy. One of the initiatives to advance India's goal of moving toward sustainable energy is the development project run by GE T&D India. The reactors, which are anticipated to be delivered in 2025–2026, will support the nation's efforts to modernize its grid and pursue sustainable energy.
In September 2022, ABB declared that it had reached a deal with Hitachi Ltd. to sell off its remaining 19.9% of the 2020-formed joint venture Hitachi ABB Power Grids.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Installed Capacity, By Voltage, By Reactor Type |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | ABB Ltd., Arteche Group, CESI S.p.A., CG Power, Eaton Corporation, Emotron AB, General Electric Company, LG Electronics, Mitsubishi Electric Corporation, Siemens AG, and Sumec People's Electrical Equipment Group. |
- Global Oil Immersed Single Phase Shunt Reactor Market Size (FY 2021-FY 2034)
- Overview of Global Oil Immersed Single Phase Shunt Reactor Market
- Segmentation of Global Oil Immersed Single Phase Shunt Reactor Market By Installed Capacity (Below 50 MVAR, 50-100 MVAR, 100-150 MVAR, above 150 MVAR)
- Segmentation of Global Oil Immersed Single Phase Shunt Reactor Market By Voltage (Below 132 kV, 132-220 kV, 220-400 kV, above 400 kV)
- Segmentation of Global Oil Immersed Single Phase Shunt Reactor Market By Reactor Type (Dry-Type, Oil-Immersed, Air-Core, Liquid-Filled)
- Statistical Snap of Global Oil Immersed Single Phase Shunt Reactor Market
- Expansion Analysis of Global Oil Immersed Single Phase Shunt Reactor Market
- Problems and Obstacles in Global Oil Immersed Single Phase Shunt Reactor Market
- Competitive Landscape in the Global Oil Immersed Single Phase Shunt Reactor Market
- Details on Current Investment in Global Oil Immersed Single Phase Shunt Reactor Market
- Competitive Analysis of Global Oil Immersed Single Phase Shunt Reactor Market
- Prominent Players in the Global Oil Immersed Single Phase Shunt Reactor Market
- SWOT Analysis of Global Oil Immersed Single Phase Shunt Reactor Market
- Global Oil Immersed Single Phase Shunt Reactor Market Future Outlook and Projections (FY 2025-FY 2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPERs internal database
- 2.1.4. Premium insight from KOLs
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTERs Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. Global Oil Immersed Single Phase Shunt Reactor Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Oil Immersed Single Phase Shunt Reactor Market
7. Global Oil Immersed Single Phase Shunt Reactor Market, By Installed Capacity (USD Million) 2025-2034
- 7.1. Below 50 MVAR
- 7.2. 50-100 MVAR
- 7.3. 100-150 MVAR
- 7.4. Above 150 MVAR
8. Global Oil Immersed Single Phase Shunt Reactor Market, By Voltage (USD Million) 2025-2034
- 8.1. Below 132 kV
- 8.2. 132-220 kV
- 8.3. 220-400 kV
- 8.4. Above 400 kV
9. Global Oil Immersed Single Phase Shunt Reactor Market, By Reactor Type (USD Million) 2025-2034
- 9.1. Dry-Type
- 9.2. Oil-Immersed
- 9.3. Air-Core
- 9.4. Liquid-Filled
10. Global Oil Immersed Single Phase Shunt Reactor Market, 2025-2034 (USD Million)
- 10.1. Global Oil Immersed Single Phase Shunt Reactor Market Size and Market Share
11. Global Oil Immersed Single Phase Shunt Reactor Market, By Region, 2025-2034 (USD Million)
- 11.1. Asia-Pacific
- 11.1.1. Australia
- 11.1.2. China
- 11.1.3. India
- 11.1.4. Japan
- 11.1.5. South Korea
- 11.1.6. Rest of Asia-Pacific
- 11.2. Europe
- 11.2.1. France
- 11.2.2. Germany
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. United Kingdom
- 11.2.6. Rest of Europe
- 11.3. Middle East and Africa
- 11.3.1. Kingdom of Saudi Arabia
- 11.3.2. United Arab Emirates
- 11.3.3. Qatar
- 11.3.4. South Africa
- 11.3.5. Egypt
- 11.3.6. Morocco
- 11.3.7. Nigeria
- 11.3.8. Rest of Middle-East and Africa
- 11.4. North America
- 11.4.1. Canada
- 11.4.2. Mexico
- 11.4.3. United States
- 11.5. Latin America
- 11.5.1. Argentina
- 11.5.2. Brazil
- 11.5.3. Rest of Latin America
12. Company Profile
- 12.1. ABB Ltd.
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Arteche Group
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. CESI S.p.A.
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. CG Power
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Eaton Corporation
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. Emotron AB
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. General Electric Company
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. LG Electronics
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Mitsubishi Electric Corporation
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Oil Immersed Single Phase Shunt Reactor Market is projected to reach USD 397.51 million by 2034, growing at a CAGR of of 4.31% during the forecast period.
Oil Immersed Single Phase Shunt Reactor Market grew in Market size from 2025. The Market is expected to reach USD 397.51 million by 2034, at a CAGR of 4.31% during the forecast period.
Oil Immersed Single Phase Shunt Reactor Market CAGR of 4.31% during the forecast period.
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Oil Immersed Single Phase Shunt Reactor Market size is USD 397.51 million from 2025 to 2034.
Oil Immersed Single Phase Shunt Reactor Market is covered By Installed Capacity, By Voltage, By Reactor Type
The North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa is the highest Market share in the Oil Immersed Single Phase Shunt Reactor Market.
ABB Ltd., Arteche Group, CESI S.p.A., CG Power, Eaton Corporation, Emotron AB, General Electric Company, LG Electronics, Mitsubishi Electric Corporation, Siemens AG, and Sumec People's Electrical Equipment Group.
The report includes an in-depth analysis of the Global Oil Immersed Single Phase Shunt Reactor Market, including market size and trends, product mix, Applications, and supplier analysis.
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